Many firms today use RFID technology to ________.
A) identify new target markets
B) analyze threats and opportunities in the macroenvironment
C) move toward environmental sustainability
D) track products through various points in the distribution channel
E) track patterns of online consumer behavior

Question

Quizplus · Accepted Answer

RFID technology stands for Radio Frequency Identification technology, which uses electromagnetic fields to automatically identify and track tags attached to objects. The technology has been widely used by many firms to track products through various points in the distribution channel. RFID tags can be attached to products, shipping containers, and even vehicles, enabling companies to track them at every stage of the supply chain, from production to delivery to the end-user.
By using RFID technology, companies can improve their inventory management, reduce the risk of stockouts, and increase their operational efficiency. For example, RFID tags can be used to automatically track products as they move through a warehouse or a retail store, providing real-time data on inventory levels, product locations, and sales trends.
Therefore, option D) "track products through various points in the distribution channel" is the best choice for the statement.

Many Firms Today Use RFID Technology to ________